2025-12-23 10:21:41

Top DeFi protocols are caught in governance disputes.

The root of the problem lies in the transaction fees from CoW Swap being directed to the Labs' account, rather than entering the DAO treasury. The community has calculated that this fee amounts to approximately 10 million USD annually. The DAO subsequently initiated a proposal to transfer all assets, including trademarks, domain names, code repositories, and social media accounts, to be managed by the DAO, which means that Labs' role will shift from an operator to an employee.

The Labs side has raised objections - they argue that the ownership of the website and brand belongs to Labs, and that the DAO only owns the smart contract part.

Marc Zeller issued a warning, believing that such conflicts could lead to the loss of core talent.

From a trading perspective, it is advisable to avoid risks in the short term, or consider light short positions around the $200 mark, setting a stop loss at $220, with a target aimed at the 175-180 range. Wait for the governance situation to stabilize before making further considerations.

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OnchainDetectiveBing

· 12-23 10:51

It's the same old trick again... Labs took a $10 million bonus and still wants to maintain control over the narrative, while the DAO is being sidelined and pretending to be innocent. Why is it so difficult?

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Liquidated_Larry

· 12-23 10:51

Another internal conflict drama... It's really outrageous that Labs wants to seize brand ownership, directly swallowing 10 million USD annually, no wonder the community is in an uproar. I actually want to try 200 short positions, but I'm afraid governance will drag on for half a year without results, and the coin price will instead pump. Marc was right about the loss of core talent; this kind of tearing apart will eventually kill the project.

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InscriptionGriller

· 12-23 10:44

Oh dear, it's the same old story again - the standard script before the project party pulls a Rug Pull. Ten million dollars in annual fees just sneakily stuffed into Labs' pocket, do they really think the community is blind? The turning point has arrived, the DAO wants a say, and Labs turns around and says "this is my private property," it's laughable. Core talent will be lost? Rather than getting hurt, it's better to run away early, Marc Zeller hit the nail on the head. Before this broken governance situation lands, just wait for the $200 short positions to Be Played for Suckers, stop loss at $220, target $180, after all, the fate of this kind of infighting project is eternal drop to zero.

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gas_fee_trauma

· 12-23 10:44

It's the same old story again, Labs want to monopolize while DAO wants to snatch the bowl. Can 10 million USD a year not cause a rift... Going to 200 short positions? I see 200 still falling.

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